Analysis of the past day

On Wednesday, May 30, the US dollar index was under pressure against the basket of major currencies at a break from the resistance level of 95.00. Tthe change in sentiments for the American was caused by very optimistic data for the euro area and technical correction after the overbought of the American.

Stock indices, amid a change in sentiment relative to the eurozone, went into the correction phase, thereby having played a significant part of the losses yesterday (Nikkei 225 -1.50, DAX + 0.50, FTSE 100 +0.40, Dow 30 +0.70) . On the growth of optimistic sentiment, support was given to commodity assets, and, together with them, commodity currencies.

Following the results of Wednesday, the US dollar index completely lost its earned positions on Tuesday and updated the minimum at 94.20. This mark corresponds to the lower limit of the ascending channel, in which the dollar index continues to trade from the beginning of May. The existing dynamics indicates the possibility of strengthening of the American. Support levels: 94.20 and 94.00.

Graph of the US dollar index. The current price is 94.40 (the yield of 10-year government bonds is a blue line)

Hanzenko Anton